Principal Financial Group Inc. boosted its holdings in shares of Barnes & Noble Education Inc (NYSE:BNED) by 3.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 287,669 shares of the specialty retailer’s stock after acquiring an additional 9,614 shares during the quarter. Principal Financial Group Inc. owned 0.61% of Barnes & Noble Education worth $1,982,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new stake in shares of Barnes & Noble Education in the 1st quarter valued at $101,000. A.R.T. Advisors LLC bought a new stake in shares of Barnes & Noble Education in the 1st quarter valued at $156,000. Mackay Shields LLC bought a new stake in shares of Barnes & Noble Education in the 1st quarter valued at $201,000. OppenheimerFunds Inc. boosted its stake in shares of Barnes & Noble Education by 18.5% in the 1st quarter. OppenheimerFunds Inc. now owns 188,064 shares of the specialty retailer’s stock valued at $1,296,000 after purchasing an additional 29,354 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Barnes & Noble Education by 1.5% in the 1st quarter. BlackRock Inc. now owns 4,898,995 shares of the specialty retailer’s stock valued at $33,754,000 after purchasing an additional 74,701 shares during the last quarter. 73.39% of the stock is currently owned by hedge funds and other institutional investors.

Separately, ValuEngine lowered shares of Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Barnes & Noble Education has an average rating of “Hold” and an average price target of $12.00.

In related news, Chairman Michael Huseby bought 18,200 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The shares were acquired at an average cost of $5.42 per share, with a total value of $98,644.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Abrams Capital Management, L.P sold 194,023 shares of the stock in a transaction on Friday, June 22nd. The stock was sold at an average price of $7.83, for a total transaction of $1,519,200.09. The disclosure for this sale can be found here. 3.46% of the stock is owned by corporate insiders.

NYSE:BNED opened at $5.24 on Friday. The company has a quick ratio of 0.42, a current ratio of 1.32 and a debt-to-equity ratio of 0.30. Barnes & Noble Education Inc has a 52 week low of $4.99 and a 52 week high of $9.10.

Barnes & Noble Education (NYSE:BNED) last posted its quarterly earnings data on Wednesday, August 22nd. The specialty retailer reported ($0.82) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.57) by ($0.25). The firm had revenue of $337.50 million during the quarter, compared to the consensus estimate of $355.25 million. Barnes & Noble Education had a negative net margin of 11.73% and a negative return on equity of 49.33%. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.75) earnings per share.

Barnes & Noble Education Company Profile

Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates in three segments: Barnes & Noble College, MBS Textbook Exchange, and Digital Student Solutions. The Barnes & Noble College segment sells and rents course material; offers a suite of digital content, software, and services through its LoudCloud platform, as well as e-textbooks; and sells general merchandise, including collegiate and athletic apparel, other custom-branded school spirit products, technology, supplies, and convenience items.

Read More: Price to Earnings Ratio (PE) Basics

Institutional Ownership by Quarter for Barnes & Noble Education (NYSE:BNED)

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